Dollar, Boeing, Tilson's Outlook & More

According to a new survey hedge fund managers are largely bullish on US dollar.

What must you know?

Long dollar is a crowded trade, explains strategic investor Dennis Gartman. But the fundamentals are horrific for the euro. I don't think the problems in Europe are going away any time soon.

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BOEING HITS 52-WEEK HIGH

Shares of Boeing hit a 52-week high on Tuesday after the Pentagon said on Tuesday it might award a multibillion-dollar aerial tanker contract sooner than planned after Northrop Grumman and Europe's EADS pulled out of the competition, leaving Boeing as the sole bidder.

What's the trade?

For me the trade is downstream, longRockwell Collins, says Guy Adami.

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The Next 12 Months: Hedge Funds

An outlook for the year ahead, with Whintney Tilson, T2 Partners managing partner.

WHITNEY TILSON’S OUTLOOK

As you may know, Whitney Tilson of T2 is a widely followed money manager who predicted the mortgage meltdown and made a fortune in the process.

On the one year anniversary of the market lows, it seemed like a good time to get his outlook for the next 12 months.

Will the action in 2010 mirror what happened in 2009?

Probably not. Tilson tells us not to expect the monster gains in the broad market that we saw last year. The action in 2009 was ‘once in a generation,” he says.

And if you're looking for a trade from the short side, Tilson tells the desk "we're still shortPalm as well as the homebuilders ."

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